Why is Bitcoin price up today? By Cointelegraph

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Why is Bitcoin price up today?

price is up today, and a market-wide rally in crypto prices suggests that BTC and Ether (ETH) could be aiming to wrap up the month of October in the black.

As of October 26, 2022, most major cryptocurrencies are posting single-digit gains. Bitcoin recorded a 5.15% price increase within the last 24 hours and a 5.48% gain within the last 7 days. While the current price is fluctuating, BTC is holding above the psychologically important $20,000 level. The following chart shows the BTC rally since October 24, 2022.

BTC price. Source: Cointelegraph
Crypto liquidations chart. Source: Coinglass
Bitcoin options open interest. Source: Coinglass
Investors believe interest rates could fall. Source: Macromicro